MeDirect Bank (Malta) plc would like to announce that we are accepting applications for anyone interested in the Initial Public Offering (IPO) in BMIT Technologies plc.
GO plc is making an offer to the public of up to 99,761,701 shares of a nominal value of €0.10 each in BMIT Technologies plc at an offer price of €0.49 per share. In terms of Section 99 of the Companies Act, a prospectus dated 7 January 2019 has been published by BMIT Technologies plc and filed with the Registry of Companies. 79,261,701 shares have already been allotted to a number of financial intermediaries leaving 20,500,000 shares available for the general public.
BMIT is a leading IT services provider in Malta and operates predominantly in the Maltese market. Historically, its main target clients were online gaming companies operating out of Malta. While today this market remains key to the Group, over the years the Group extended its product and service offering and markets, to cater for cloud and managed IT Services, targeting other knowledge-based segments in Malta. Today, the client portfolio also includes financial institutions, professional and media organisations, and similar businesses.
The issuing company will grant holders of the GO plc shares preference to subscribe for the Initial Public Offering. As a result, if you held GO Shares as at 3rd January 2019 (bought by the 28th of December 2018), you will be given preference to subscribe for the BMIT Technologies plc equity.
If you hold GO plc shares in your personal account with the Malta Stock Exchange, you will receive an application form by post. You can apply for the BMIT Technologies plc shares by submitting the application form at one of our branches, located in Sliema, Mosta, Paola and Rabat Gozo.
If you hold GO plc shares with MeDirect Bank (Malta) plc under nominee, you should have received a notification from us in your secure online banking mailbox, with instructions to exercise your right to subscribe for the New Equities. If your intention is to exercise such right, please do so by replying to the notification.
If you do not hold GO plc shares, you will be able to apply for subscription at one of our branches by latest 14:00 hours on 31 January 2019 subject to a minimum application of 2,000 shares and in multiples of 100 shares thereafter.
Before making your investment decision, you are requested to read the Prospectus of the new equity. For further information, please call us on (+356) 2557 4400 or send an email to email@example.com.
The information set forth in this article is only for informative purposes and should not be construed as an offer to sell or solicitation of an offer to subscribe for or purchase any investment. The information provided is subject to change without notice and does not constitute investment advice or any guarantee of returns. Please consider the terms and conditions governing the relevant investment prior to making any investment decision. Investors should note that at worst they may lose all of their invested principal in the event of default, insolvency and/or bankruptcy of the relevant issue. The financial instruments discussed may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein.
MeDirect Bank (Malta) plc has based this document on information obtained from sources it believes to be reliable but which have not been independently verified. MeDirect Bank (Malta) plc does not therefore provide any guarantees, representations or warranties. The value of any investment or income may go up as well as down and past performance is no guarantee of any future performance. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse effect on your investment.
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